Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.21.2
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2021
Stockholders' Equity Note [Abstract]  
Schedule of the grant date value of the options granted
    For the Three Months Ended     For the Nine Months Ended  
    September 30,     September 30,  
    2021     2020     2021     2020  
Risk free interest rate     1.01 %     0.55% - 0.69 %     1.01% - 1.58 %     0.55% - 0.69 %
Expected term (years)     6.25       6.25       6.25       6.25  
Expected volatility     46 %     38 %     40% - 46 %     38 %
Expected dividends     0.00 %     0.00 %     0.00 %     0.00 %

 

Schedule of option activity
          Weighted     Weighted        
          Average     Average        
    Number of     Exercise     Remaining     Intrinsic  
    Options     Price     Term (Yrs)     Value  
                         
Outstanding, January 1, 2021     2,430,000     $ 4.15              
 
 
Granted     360,000       2.33                  
Exercised    
-
     
-
                 
Expired    
-
     
-
                 
Forfeited     (225,000 )     4.51                  
Outstanding, September 30, 2021     2,565,000     $ 3.88       6.76     $
-
 
                                 
Exercisable, September 30, 2021     1,360,000     $ 4.09       4.79     $
-
 

 

Schedule of options outstanding and exercisable
Options Outstanding     Options Exercisable  
            Weighted        
      Outstanding     Average     Exercisable  
Exercise     Number of     Remaining Life     Number of  
Price     Options     In Years     Options  
$ 2.11       80,000       8.75       20,000  
$ 2.17       120,000       8.85       120,000  
$ 2.21       200,000      
-
     
-
 
$ 2.48       160,000      
-
     
-
 
$ 4.09       1,725,000       3.74       1,050,000  
$ 5.66       280,000       7.97       170,000  
                       2,565,000       4.79       1,360,000  

 

Schedule of non-vested restricted stock activity
          Weighted  
    Number of     Average  
    Restricted     Grant Date  
    Stock     Fair Value  
Non-vested balance, January 1, 2021     199,143     $ 2.03  
Granted     80,000       2.00  
Vested     (174,143 )     1.69  
Forfeited     (25,000 )     2.17  
Non-vested balance, September 30, 2021     80,000     $ 2.00